The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-02-13
FINANCE AND MINING.
Coop. Stock Held Stiff at
\ orr. @ !.
ORE AND BULLION RECEIPTS.
Duu's Review OF week Before Last
Horn siIver-Lively Ore
Market.

The week is reported as rather dull
one at the banks; the principslfea
lures have been the jump in the price
of wheat and -four. and the continuance
of demand for family dwelling houses.
An item worthy of note IS the close
ness with which q. G. NJ. 1. stock is
held; parties desiring to buy during the
week have been unable to secure any
better offers than par. One dealer re-
ports that he thought 100 could be
obtained.
At the Deseret National some in
quiry is reported. Local buyers have
made some purchases at $3.50.
Dun's review of trade for the week
ending the 5th, says: H
FPanics abroad and strikes at home
have tested the strength of all markets
during the past week. Oyer-hastily it
is inferred that panics on foreign ex-
changes mean war; they may mean
only collapse of the unusual speculation
which has prevailed of late, especially
at Berlin, and thus may get rid of q
strong incentive to circulate warlike
rumors. News, in the strict sense, does
not afford much evidence that war i'm
ponds; but rumor and apprehension
have depressed stocks and lifted grain.
Thus tested, the markets have shown
unexpected steadiness. Foreign I'M
loading of American stocks has caused
but moderate decline in prices, while
even in the grain market the advance
has been conservative and limited, and
other markets have changed but little.
Probably grain would have risen
more, had not the great strike exerted
a restraining influence. Transporters
are moving freight more freely than
week ago, but the disturbance IS spread
ing thousands of workers in various
branches of industry having been or
by sto apage of supplies to manufactur-
ing establishments. Already it is clear
that losses to laborers, as a body, must
be many times the sum which could be
gained by the original strikers, if sue
cessful. The large losses sustained by
them and Others will affect consump-
ton to some extent.
The dry goods trade, though affecte,
by uncertainty as to transportation,
still improves with respect to cottons,
while the hesitation in woolens IN
creases. The China demand for brown
cOttons is excellent. the South Ameri-
can better, and the domestic demand
steady and strong at the recent advance
in prices. But wooleHs are distributed
'afresh By Treasury decisions, and by
large auction sales. Large JOB lots Of
dress goods have been. sold at,Boston at
little more than half last years prices,
and heavy woolens are not sought at
any advance. Boston sales of wool are
20 per cent. larger than last year, with
prices barely steady. Imports for 1886
were 131, 1868, lob pounds. besides 4 .43l,
$50 pounds waste and 1 1886, 203 yarn.
The business failures occurring
throughout the country during the last
seven days, as reported to R. G. Dun &
Co., of the Mercantile Agency, last
Friday, by telegraph, number for the
United States 229, and for Canada 80, or
total of 261, as compared with q total
of 271 last week, 30i the week previous
to the last, and 287 for corresponding
week of last year Failures in Canada
are numerous and important; in New
York City few and Insignificant; in the
other sections Of the country about up
to the average.